Brexit, voice, and loyalty

The UK’s marriage to Europe and its flirtation with the US has become a Shakespearean comedy of confused identity.

Albert Hirschman, who died at the end of last year, was a great economist with a gift for producing striking insights by focusing on an element of observable behavior as a way to transform our view of a whole range of particular problems. One of his most far-ranging insights was his framework of “exit, voice, and loyalty”.

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